ASHFIELD: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ASHFIELD
Largest movements
- Financial fixed assets -€2.9m
down €2.9m (-98.7%), from €2.9m to €36,870
of which Affiliated companies: -€2.9m
- Receivables within one year +€2.3m
up €2.3m (+168.7%), from €1.3m to €3.6m
of which Other amounts receivable: +€2.6m
- Cash +€514,457
up €514,457 (+180.1%), from €285,717 to €800,174
mainly Investment in fixed assets (net) (+€2.9m) and Net result for the year (+€409,705)
- Profit (loss) carried forward +€409,705
up €409,705 (+42.0%), from €975,196 to €1.4m
- Tax, wage and social debts -€263,368
down €263,368 (-16.4%), from €1.6m to €1.3m
of which Remuneration and social security: -€307,692
- Trade debts -€262,517
down €262,517 (-44.4%), from €591,238 to €328,721
of which Suppliers: -€276,573
- Services and other goods -€413,065
down €413,065 (-14.9%), from €2.8m to €2.4m
- Turnover -€160,523
down €160,523 (-2.0%), from €8.0m to €7.8m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,519,763 | €4,452,819 | -€66,944 | -1.5% |
| Fixed assets | 21/28 | €2,888,439 | €37,476 | -€2.9m | -98.7% |
| Tangible fixed assets | 22/27 | €1,569 | €606 | -€964 | -61.4% |
| Furniture and vehicles | 24 | €1,569 | €606 | -€964 | -61.4% |
| Financial fixed assets | 28 | €2,886,870 | €36,870 | -€2.9m | -98.7% |
| Affiliated companies | 280/1 | €2,850,000 | - | -€2.9m | |
| Amounts receivable | 281 | €2,850,000 | - | -€2.9m | |
| Other financial fixed assets | 284/8 | €36,870 | €36,870 | = | 0.0% |
| Shares | 284 | €100 | €100 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €36,770 | €36,770 | = | 0.0% |
| Current assets | 29/58 | €1,631,324 | €4,415,343 | +€2.8m | +170.7% |
| Amounts receivable within one year | 40/41 | €1,345,607 | €3,615,169 | +€2.3m | +168.7% |
| Trade receivables | 40 | €1,338,756 | €1,003,711 | -€335,045 | -25.0% |
| Other amounts receivable | 41 | €6,851 | €2,611,458 | +€2.6m | +38020.0% |
| Cash at bank and in hand | 54/58 | €285,717 | €800,174 | +€514,457 | +180.1% |
| Total equity and liabilities | 10/49 | €4,519,763 | €4,452,819 | -€66,944 | -1.5% |
| Equity | 10/15 | €1,855,196 | €2,264,900 | +€409,705 | +22.1% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,000 | €80,000 | = | 0.0% |
| Legal reserve | 130 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €975,196 | €1,384,900 | +€409,705 | +42.0% |
| Amounts payable | 17/49 | €2,664,568 | €2,187,918 | -€476,649 | -17.9% |
| Amounts payable within one year | 42/48 | €2,301,645 | €1,786,993 | -€514,652 | -22.4% |
| Trade debts | 44 | €591,238 | €328,721 | -€262,517 | -44.4% |
| Suppliers | 440/4 | €576,636 | €300,063 | -€276,573 | -48.0% |
| Bills of exchange payable | 441 | €14,602 | €28,659 | +€14,057 | +96.3% |
| Taxes, remuneration and social security | 45 | €1,602,103 | €1,338,735 | -€263,368 | -16.4% |
| Taxes | 450/3 | €275,399 | €319,724 | +€44,325 | +16.1% |
| Remuneration and social security | 454/9 | €1,326,703 | €1,019,011 | -€307,692 | -23.2% |
| Other amounts payable | 47/48 | €108,304 | €119,537 | +€11,232 | +10.4% |
| Accrued charges and deferred income | 492/3 | €362,923 | €400,925 | +€38,003 | +10.5% |
| Operating income | 70/76A | €8,158,788 | €7,979,436 | -€179,352 | -2.2% |
| Turnover | 70 | €7,986,785 | €7,826,262 | -€160,523 | -2.0% |
| Other operating income | 74 | €172,003 | €153,174 | -€18,829 | -10.9% |
| Operating charges | 60/66A | €7,915,609 | €7,568,841 | -€346,768 | -4.4% |
| Services and other goods | 61 | €2,766,472 | €2,353,407 | -€413,065 | -14.9% |
| Remuneration, social security and pensions | 62 | €5,144,018 | €5,214,101 | +€70,083 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €964 | -€4,156 | -81.2% |
| Other operating charges | 640/8 | - | €369 | +€369 | |
| Operating profit (loss) | 9901 | €243,179 | €410,595 | +€167,416 | +68.8% |
| Financial income | 75/76B | €165,034 | €184,625 | +€19,591 | +11.9% |
| Recurring financial income | 75 | €165,034 | €184,625 | +€19,591 | +11.9% |
| Income from current assets | 751 | €165,034 | €184,625 | +€19,591 | +11.9% |
| Financial charges | 65/66B | €133,739 | €172,306 | +€38,567 | +28.8% |
| Recurring financial charges | 65 | €133,739 | €172,306 | +€38,567 | +28.8% |
| Debt charges | 650 | €133,685 | €172,306 | +€38,621 | +28.9% |
| Other financial charges | 652/9 | €54 | - | -€54 | |
| Profit (loss) for the period before taxes | 9903 | €274,474 | €422,915 | +€148,440 | +54.1% |
| Income taxes | 67/77 | €17,235 | €13,210 | -€4,025 | -23.4% |
| Taxes | 670/3 | €17,235 | €13,210 | -€4,025 | -23.4% |
| Profit (loss) for the period | 9904 | €257,240 | €409,705 | +€152,465 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €257,240 | €409,705 | +€152,465 | +59.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.